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Bank of England in £5 Cash Cow Row!
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The Bank of England has come under fire over their newly released £5 banknotes.

Vegetarians and Vegans have been shocked to discover that the new banknotes contain animal fat.

Hindus and Sikhs are also unimpressed by the revelation as it goes against their religious beliefs.

In reply to a question, posted on the Bank of England's Twitter account, the Bank of England confirmed: “There is a trace of tallow in the polymer pellets used in the base substrate of the polymer £5 notes,”

The social media reaction

Since the Bank of England revealed this information, social media has been very vocal on the subject.

A petition was set up, via change.org, to get the Bank of England to remove tallow from bank notes. The petition has gained over 100,000 signatures so far.

What is Tallow?

Tallow has been widely used in the making of candles and soap. Tallow is a hard fatty substance made from animal fats taken from cows, pigs or sheep. (sometimes even horses)

Plastic Money

The UK's first plastic £5 note entered circulation 13th September 2016. Over 30 countries now use plastic banknotes, including Australia (who was the first in 1988), New Zealand, Canada and Singapore.

The bank notes are made from a polymer (which contains the tallow) and is produced by a company called Innovia Security. The Polymer, named 'Guardian polymer', is used in 24 countries and in 80 denominations.

Banknote Boycott!

Many Vegetarians and Vegans have said that they will refuse to use the new banknotes. Even shopkeepers have said that they are not happy to accept the new £5 notes from customers. There are even reports of banknotes being defaced in protest. Sikh and Hindus have said they will ban them from temples, as meat is totally forbidden.

As the petition has reached over 100,000 signatures, the Bank of England has now acknowledged the problem and has 'passed the buck' to its supplier (Innovia Security) to find a potential solution.

 

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